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Morgan Stanley (MS.N)

MS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Morgan Stanley reports passive stake of 5 pct in ITC Holdings Corp
Thursday, 30 Jun 2016 04:51pm EDT 

ITC Holdings Corp :Morgan Stanley reports passive stake of 5 pct in ITC Holdings Corp as of June 24 - SEC filing.  Full Article

Morgan Stanley to buyback up to $3.5 bln of common stock
Wednesday, 29 Jun 2016 04:35pm EDT 

Morgan Stanley : Morgan Stanley announces share repurchase of up to $3.5 billion of common stock and the increase of its quarterly dividend to $0.20 per share . Considering possible redemption of other capital securities . Fed Reserve board asked firm to submit additional capital plan by Dec 29, addressing weaknesses identified in capital planning process .Increase in firm's quarterly common stock dividend to $0.20 per share from current $0.15 per share, beginning with common stock dividend expected to be declared for q3.  Full Article

Fitch affirms Morgan Stanley's long-term IDR at 'A'
Tuesday, 14 Jun 2016 04:33pm EDT 

Fitch: Fitch affirms Morgan Stanley's long-term IDR at 'A'; outlook stable .Fitch says it "views favorably MS's more balanced business model across wealth management, investment management and capital markets activities".  Full Article

ONESavings Bank sells Rochester interest for 104 mln stg
Friday, 3 Jun 2016 12:58pm EDT 

Onesavings Bank Plc : Now agreed sale of its entire economic interest in Rochester Financing No.1 Plc securitisation . Sale for for a total consideration of £104m . Transaction generated an exceptional pre-tax gain of c.£35m subject to finalisation of fees .One Savings Bank Plc : confirmation of disposal of economic interest in Rochester Financing No. 1 Plc.  Full Article

Onesavings Banks says disposes economic interest in Rochester Financing No. 1
Thursday, 26 May 2016 08:41am EDT 

Onesavings Bank Plc : Selling its entire economic interest in Rochester Financing No.1 Plc to Morgan Stanley .Deal will result in a consideration of not less than £95 million in cash; is expected to generate exceptional pre-tax gain of at least £25 million.  Full Article

Opus Bank says 8,000 Morgan Stanley client IRA to be transferred to PENSCO
Thursday, 19 May 2016 07:00am EDT 

Press Release : Says about 8,000 existing morgan stanley client IRA will be transferred in bulk to pensco at start of june of 2016 .Opus bank announces its pensco trust subsidiary entered into agreement to become successor custodian for morgan stanley retirement account clients invested in alternative assets.  Full Article

Marketo said to be working with Morgan Stanley on possible sale- Bloomberg
Tuesday, 10 May 2016 03:02pm EDT 

: Marketo Inc is working with Morgan Stanley to explore strategic alternatives including a potential sale- Bloomberg, citing sources Source (http://bloom.bg/24IVSF2) Further company coverage: [ ] (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

California AG sues Morgan Stanley over - Reuters News
Friday, 1 Apr 2016 03:35pm EDT 

Morgan Stanley:California attorney general says she sued Morgan Stanley over false claims, securities violations tied to mortgage debt - RTRS.California ag kamala harris says Morgan Stanley misled investors about residential mortgage-backed securities.Harris says misrepresentations caused major losses to investors including California's public pension funds.  Full Article

Morgan Stanley - UBS, others reach $103 million muni bond rigging settlements - Reuters
Wednesday, 24 Feb 2016 10:38pm EST 

Morgan Stanley:UBS AG and five other banks and brokerages agreed to pay roughly $103 million to settle claims that they conspired to rig prices for U.S. municipal securities.Wednesday's accords include payments of $100.5 million to investors. Two of the defendants, France's Natixis SA and Societe Generale, also agreed to pay $2.8 million to resolve related claims by 21 U.S. states and Washington, D.C.If approved by a federal judge, the private settlements would end nearly eight years of class action litigation, and result in more than $226 million of payouts from 11 defendants, led by $44.6 million from JPMorgan Chase & Co.Several banks have during that time also agreed to pay more than $740 million, led by JPMorgan's $228 million, to resolve related probes by the U.S. Department of Justice and state regulators. At least 17 people were convicted or pleaded guilty, the Justice Department has said.Wednesday's private settlements included $32 mln with UBS, $28.45 mln with Natixis, $25.41 mln with Societe Generale, $9.75 mln with Piper Jaffray Cos, $3.5 mln with Royal Bank of Scotland Group Plc's National Westminster Bank, and $1.4 mln with George K. Baum & Co, court papers show.Other defendants that have settled with investors and regulators are Wells Fargo & Co WFC.N, Bank of America Corp BAC.N and General Electric Co GE.N, UBS has also settled with regulators, and Morgan Stanley MS.N with investors.  Full Article

Globe/wire say SEC settles with Morgan Stanley - CNSWCH
Wednesday, 23 Dec 2015 04:33pm EST 

Morgan Stanley:The Globe and Mail reports in its Wednesday edition that Morgan Stanley will pay $8.8-million (U.S.) to settle charges that one of its portfolio managers conducted prearranged trades that favoured some clients' accounts over others. - CNSWCH.A Reuters dispatch to The Globe quotes the Securities and Exchange Commission as saying Tuesday that portfolio manager, Sheila Huang, agreed to be barred from the industry and pay a $125,000 (U.S.) penalty - CNSWCH.Societe Generale broker who assisted Ms. Huang in the schemes also agreed to be barred. - CNSWCH.Neither Morgan Stanley nor Ms. Huang admitted or denied the SEC's findings. Ms. Huang can seek permission to work in the industry again in 2020. - CNSWCH.Prearranged trading, or "parking," is a fraudulent practice that can give advantages to some investors over others, including better pricing and the elimination of risk. - CNSWCH.In one scheme, Ms. Huang - while managing accounts that needed to liquidate certain positions - arranged sales of mortgage-backed securities at predetermined prices to the trader at the Societe Generale brokerage unit, SG Americas. - CNSWCH.The arrangement would enable her to buy back the positions at a small markup into other accounts that Morgan Stanley advised, the SEC said. - CNSWCH.  Full Article

Morgan Stanley results powered by fixed income rebound

NEW YORK, Jan 17 (IFR) - Morgan Stanley said revenue from fixed income trading in the fourth quarter almost trebled from a year before to US$1.5bn, benefitting from its restructuring of the business a year ago.